Delhi, 5 April (H.S.): The First International Research Conference on Pension (IRCP) 2025 concluded in New Delhi yesterday after two productive days focused on pension reforms and retirement financial preparedness. Inaugurated by Pankaj Chaudhary, Minister of State for Finance, the event was organized by the Pension Fund Regulatory and Development Authority (PFRDA) in collaboration with the Indian Institute of Management Ahmedabad (IIMA).

Highlighting India’s demographic shift, where by 2050, one in five Indians will be over 60, Pankaj Chaudhary emphasized the urgency for inclusive pension reforms to ensure dignified futures for the elderly population. He underscored the need for Pension for All as a priority, given that 19 percent of the population is projected to be elderly by mid-century, predominantly women.

The conference welcomed global policymakers and experts who engaged in various panel discussions. The opening session addressed Pension for Future, exploring global strategies for enhancing pension coverage. Later sessions covered innovative investment practices and regulatory coordination for pension products, featuring experts from different countries and institutions.

The second day focused on research presentations and discussions, including topics like financial literacy for sustainable retirement planning and investment strategies for pension funds. Renowned scholars debated critical issues such as demographic trends, social pressures, and the incorporation of financial literacy into education.

The event concluded with an award ceremony acknowledging the best research papers. PFRDA’s Executive Director, Sumeet Kaur Kapoor, summarized the insights gained from the two-day event. The success of IRCP 2025 reflects the commitment to building a resilient framework for India’s future pension landscape, supporting financial security for millions as the nation navigates significant demographic changes.

Hindusthan Samachar / Jun Sarkar